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On April 17th, the leading titanium dioxide enterprise Lomon Billy Xiangyang base promoted promotion.
The price of 996 grade titanium dioxide was 14,000 yuan (ton price, the same below), which was 1,700 yuan relative to the normal price of 15,700 yuan
.
Factory price reduction
Factory price reductionChen Shiwei, a titanium dioxide analyst at Longzhong Information, introduced that from April 17 to 21, many companies such as China Nuclear Titanium Dioxide, Panzhihua Iron and Steel Titanium Industry, Jinan Yuxing, and Titanium Sea Technology have successively lowered the price of titanium dioxide by 500 to 1000 yuan
.
"The price reduction promotion of titanium dioxide enterprises is mainly aimed at large-scale distribution companies such as Shanghai Yantai Industrial Co.
, Ltd.
to sell profits
.
Under the influence of market pessimism, on April 17, the price of rutile titanium dioxide in southwest and central China was first lowered by 500 yuan
.
"In order to protect the interests of dealers, China Nuclear Titanium Dioxide will provide dealers with 300-500 yuan insured service from April 20, and the overall quotation will be reduced by 800 yuan
.
Downstream demand shrinks
Downstream demand shrinks"The decline in the price of titanium dioxide this time is mainly due to the shrinking downstream demand at home and abroad
.
From a domestic point of view, titanium dioxide is mainly used in coatings, plastics, inks and other industries
.
In addition, the downturn of the real estate industry downstream of the paint terminal is also difficult to bring support to the upstream market
.
The continued spread of foreign epidemics and the obstruction of exports are also an important reason for the weak and downward trend of the domestic titanium dioxide market
.
"China's titanium dioxide exports account for a large proportion
.
From January to February this year, domestic titanium dioxide production was 481,400 tons, and exports accounted for about 36.
2%
.
At the end of March, with the outbreak of overseas epidemics, titanium dioxide exports fell year-on-year, and domestic inventories were relatively low.
At
the same time, the foreign epidemic has also affected the export of downstream coatings and other products of titanium dioxide, which in turn has led to a decline in the demand for titanium dioxide
.
” said Wang Juan, a titanium dioxide analyst at Zhuochuang Information
.
"The short-term titanium dioxide export market is not expected to be optimistic
.
India is the main importer of titanium dioxide in China, and the import volume accounts for about 13% of the total domestic export volume
.
Due to the continuous spread of the epidemic, India's 'closure' measures have been extended to May 3.
Other countries with severe epidemics such as Brazil and Indonesia will also reduce titanium dioxide imports
.
It is expected that China's titanium dioxide export volume will drop by 15% to 20% in April, which will continue to suppress the domestic titanium dioxide market
.
" Chen Shiwei said
.
There is room for decline in the market outlook
There is room for decline in the market outlookIn addition to the sluggish demand, the price of titanium concentrate, the main raw material of titanium dioxide, has fallen, and it is difficult to support the titanium dioxide market with cost
.
"The raw material titanium concentrate accounts for about 30%~35% of the cost of titanium dioxide.
At present, the operating rate of titanium dioxide factories is not high, and the titanium concentrate has also lost the support of the purchasing end
.
From raw material titanium concentrate to titanium dioxide to downstream coatings, the entire industry The chain is relatively weak
.
" Yang Xun said
.
It is understood that the current mainstream price of titanium concentrate in China is about 1,330 yuan, down about 270 yuan from the end of February.
The decline in raw material prices is equivalent to about 500 yuan in the cost of titanium dioxide, and the current average price of titanium dioxide has basically dropped by 500 yuan
.
According to the profit analysis of titanium dioxide, titanium dioxide production enterprises still have a profit space of 2000~3000 yuan
.
"At present, the supply of titanium dioxide is relatively stable.
With the continued sluggish demand, it is expected that the price of titanium dioxide still has room to fall
.
" Chen Shiwei said
.